---
type: "Bill"
title: "INS-RISK RETENTION COMPANIES"
description: "Amends the Regulatory Sunset Act. Removes a provision repealing the Risk Retention Companies Article of the Illinois Insurance Code on January 1, 2027. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "103rd"
identifier: "HB 4588"
citation: "Illinois HB 4588 (103rd)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Ann M. Williams", "Robert F. Martwick"]
version_count: 4
action_count: 45
vote_count: 7
first_action: "2024-01-26"
last_action: "2024-08-09"
source: "openstates"
source_identifier: "ocd-bill/5ccd1b4e-aeea-4f8d-a2f8-cab64d2f38e8"
source_url: "https://beta.ilga.gov/Legislation/BillStatus?DocNum=4588&GAID=17&DocTypeID=HB&LegId=151884&SessionID=112"
source_hash: "2bdf6b5844b0f4585ad5ba8e24f41b02a8c40dfd19d6931da167c9478971a6fb"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois HB 4588 (103rd) — INS-RISK RETENTION COMPANIES

Amends the Regulatory Sunset Act. Removes a provision repealing the Risk Retention Companies Article of the Illinois Insurance Code on January 1, 2027. Effective immediately.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB4588.pdf)
2. **Engrossed** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB4588eng.pdf)
3. **Senate Amendment 001** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB4588sam001.pdf)
4. **Enrolled** (enrolled) — [source](https://beta.ilga.gov/documents/legislation/103/HB/PDF/10300HB4588enr.pdf)

## Votes

- Concurrence — **107–0** (pass) · lower
- Judiciary — **7–0** (pass) · lower
- Insurance — **15–0** (pass) · lower
- Third Reading — **111–0** (pass) · lower
- Judiciary — **7–0** (pass) · lower
- Insurance — **10–0** (pass) · lower
- Third Reading — **58–0** (pass) · lower

## Sponsors

- Ann M. Williams — primary (person)
- Robert F. Martwick — primary (person)
- Brad Stephens — cosponsor (person)
- Jaime M. Andrade, Jr. — cosponsor (person)
- Jay Hoffman — cosponsor (person)
- William "Will" Davis — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-01-26** Filed with the Clerk by Rep. Ann M. Williams `filing`
- **2024-01-31** First Reading `reading-1`
- **2024-01-31** Referred to Rules Committee
- **2024-02-08** Added Chief Co-Sponsor Rep. Jay Hoffman
- **2024-02-14** Assigned to Insurance Committee `referral-committee`
- **2024-03-04** Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
- **2024-03-04** Added Co-Sponsor Rep. Brad Stephens
- **2024-03-05** Added Co-Sponsor Rep. William "Will" Davis
- **2024-03-05** Do Pass / Short Debate Insurance Committee; 010-000-000
- **2024-03-06** Placed on Calendar 2nd Reading - Short Debate `reading-2`
- **2024-04-12** Second Reading - Short Debate `reading-2`
- **2024-04-12** Placed on Calendar Order of 3rd Reading - Short Debate
- **2024-04-16** Third Reading - Short Debate - Passed 111-000-000 `passage, reading-3`
- **2024-04-17** Arrive in Senate `introduction`
- **2024-04-17** Placed on Calendar Order of First Reading `reading-1`
- **2024-04-17** Chief Senate Sponsor Sen. Robert F. Martwick
- **2024-04-17** First Reading `reading-1`
- **2024-04-17** Referred to Assignments
- **2024-05-09** Assigned to Judiciary `referral-committee`
- **2024-05-09** Rule 2-10 Committee Deadline Established As May 10, 2024
- **2024-05-10** Rule 2-10 Committee Deadline Established As May 17, 2024
- **2024-05-14** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick `amendment-introduction`
- **2024-05-14** Senate Committee Amendment No. 1 Referred to Assignments
- **2024-05-14** Senate Committee Amendment No. 1 Assignments Refers to Judiciary
- **2024-05-17** Rule 2-10 Committee Deadline Established As May 24, 2024
- **2024-05-21** Senate Committee Amendment No. 1 Adopted `amendment-passage`
- **2024-05-21** Do Pass as Amended Judiciary; 007-000-000
- **2024-05-21** Placed on Calendar Order of 2nd Reading May 21, 2024 `reading-2`
- **2024-05-21** Rule 2-10 Third Reading/Passage Deadline Established As May 24, 2024
- **2024-05-22** Second Reading `reading-2`
- **2024-05-22** Placed on Calendar Order of 3rd Reading May 23, 2024
- **2024-05-23** Third Reading - Passed; 058-000-000 `passage, reading-3`
- **2024-05-24** Arrived in House `introduction`
- **2024-05-24** Placed on Calendar Order of Concurrence Senate Amendment(s) 1
- **2024-05-24** Senate Committee Amendment No. 1 Motion Filed Concur Rep. Ann M. Williams
- **2024-05-24** Senate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee
- **2024-05-24** Senate Committee Amendment No. 1 Motion to Concur Rules Referred to Insurance Committee
- **2024-05-24** Senate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Insurance Committee; 015-000-000
- **2024-05-25** Senate Committee Amendment No. 1 House Concurs 107-000-000
- **2024-05-25** House Concurs
- **2024-05-25** Passed Both Houses
- **2024-06-21** Sent to the Governor `executive-receipt`
- **2024-08-09** Governor Approved `executive-signature`
- **2024-08-09** Effective Date August 9, 2024
- **2024-08-09** Public Act . . . . . . . . . 103-0823 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/5ccd1b4e-aeea-4f8d-a2f8-cab64d2f38e8`. Confidence: reported (aggregated from official Illinois legislature records).